• 09/21/2024

Puerto Rico Bondholders Win Back Rights To Electricity Revenues

Wall Street Journal

A federal appeals court said Puerto Rico bondholders have collateral rights over revenue generated by its bankrupt public power utility, a ruling that could delay and possibly upend a planned $10 billion debt restructuring.

https://www.wsj.com/articles/puerto-rico-bondholders-win-back-rights-to-electricity-revenues-123aad1c